Merchant Code (MCC) 7995: Lottery, Betting, and Gambling

Finding iGaming Payment Solutions for Businesses Under MCC 7995

Merchant Category Codes (MCCs) are created by the International Organisation for Standardisation (ISO), and payment networks use them to categorise transactions at scale.

MCC 7995 is reserved for the gambling industry: casinos, sportsbooks, lottery vendors, racetracks, and even online bingo platforms. If your business revolves around bets or winnings, consider this your digital payments badge.

Types of Businesses Under MCC 7995

Businesses that typically fall under this MCC include:

• Casinos: Both physical and online casinos that offer games like slots, poker, and blackjack.
• Sports Betting Operations: Establishments that accept wagers on sports events, whether online or offline.
• Lottery Operators: Entities that manage state or national lottery games, including ticket vending.
• Racetracks: Facilities that host racing events and accept bets on the outcomes.
• Bingo Halls: Places where bingo is played, often for money.
• Online Gambling Platforms: Websites that offer virtual gambling experiences across various types.

The Hidden Complexity of “High Risk”

MCC 7995 businesses face more hurdles when opening merchant accounts. Some payment processors may decline them outright. Others may charge more and have more rigorous KYB (know your business) and AML (anti-money laundering) processes. This can bring implications like: 

• Difficulty finding a reliable, long-term payment gateway
• Slower onboarding times

Businesses operating in these industries must be wary of fly-by-night gambling payment gateway providers that use third-party acquiring and can drop merchants with little or no warning. However, it is possible for businesses in the gambling space to improve authorisation rates and gain long-term, reliable payment solutions by working with payment processors that provide scale, industry diversity, and long-term support. Countries around the globe are adopting more friendly regulations for online gambling, creating new opportunities for these businesses to grow and thrive.   

Payouts Can Be As Important As Payments

To retain players and build trust, iGaming operators need payout solutions that are fast, reliable, and tailored to how players prefer to receive their funds. In addition to wire transfers and physical cheques, there are many payout options that businesses can consider to keep players loyal and engaged with faster funds delivery. 

Instant Card Payouts
Solutions like Visa Direct and Mastercard Send enable near real-time payouts directly to players’ debit or credit cards. These methods offer speed, convenience, and familiarity, giving players instant access to their winnings and encouraging continued engagement with your platform.

RTP Networks
Many players prefer receiving payouts directly to their bank accounts. By leveraging real-time payment (RTP) networks, you can offer fast, direct, and secure transfers to players in supported markets, without long delays or high fees.

By combining multiple payout methods, you can tailor the player experience to local preferences while ensuring speed, compliance, and scalability across regions.

HOW TO CHOOSE A PAYMENT SOLUTION

• Partner with Experienced Providers. Work with payment processors and service providers who understand the nuances of gaming and iGaming and can support 7995: Lottery, Betting, and Gambling merchants.  
• Clear Communication with Customers. Offer flexible payment options, such as alternative payment methods and support for cryptocurrency. 
• Effective Payout Strategy. In addition to accepting payments, look for providers that can support payouts and offer built-in solutions for fraud and automated pre-dispute resolution.